TSX: CKI; CKI.DB; CKI.DB.A
HALIFAX, Aug. 15 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 598,300 units of Avenir Diversified Income Trust ("Avenir ") bringing
its total holdings in Avenir to 6,033,500 units representing approximately
14.38% of the total issued and outstanding units of Avenir.
The Avenir units held by Clarke and George Armoyan, the President and
Chief Executive Officer of Clarke, and members of his immediate family with
whom he resides, together total 6,075,500 units, representing approximately
14.48% of the total outstanding units of Avenir.
The purchase of the Avenir units by Clarke was made through the
facilities of the Toronto Stock Exchange for investment purposes. Clarke may,
from time to time, acquire additional units of Avenir, dispose of some or all
of the existing or additional units of Avenir, or continue to hold the units
of Avenir in the normal course of Clarke's investment activities.
The issuance of this news release does not constitute an admission by
Clarke that it is acting jointly or in concert with Mr. Armoyan with respect
to units of Avenir.
Halifax-based Clarke Inc., led by an entrepreneurial team of investment
professionals, is an activist and catalyst investment company that creates
shareholder value by identifying businesses with the potential for improved
performance, and working actively to uncover the value.
Clarke's securities trade on the Toronto Stock Exchange (CKI, CKI.DB,
CKI.DB.A); for more information about Clarke Inc., please visit our website at
For further information:
For further information: Melinda Lee, Vice President Investments, Clarke
Inc., (902) 442-3420, Fax: (902) 423-4001